SCAAK participates in Financial Reporting Community of Practice Workshop

2019-12-11 - 10:16

Representatives of SCAAK  and Kosovo Council for Financial Reporting are participating in the two-day Financial Reporting Community of Practice workshop on " The Role of the Accounting Profession in Modernizing the Western Balkans Region ", which is being held in Vienna, Austria.

The objective of this Financial Reporting Community of Practice workshop is to provide a floor for interactive discussions on the implementation of reforms on accounting and auditing, that supports developing frameworks aligned with the EU acquis communautaire and building capacity in financial reporting in the countries of Western Balkans.

During the workshop participants are:

  • Learning how the accounting profession is regulated in France and how the French profession is leveraging technology to better support and advise their clients;
  • Discussing  innovation in the Western Balkans that will enhance support by the Accounting Profession to the growth of Small and Medium-Sized Enterprises;
  • Reviewing the challenges of audit oversight for countries in transition, including those in the Western Balkans, and measures to overcome those.  During the workshop, the French profession will also present Pack PE, a tool for performing and documenting audits, that could help the audit profession to better document audit files and enhance proper implementation of International Standards on Auditing; and,
  • Reviewing activities of the current iteration of the REPARIS program and discuss activities of new REPARIS for SMEs

The desired outcome is to understand the broad strokes for a strategic direction that can help the accounting and audit professions in the Western Balkans better serve the private sector, especially SMEs, enabling shared growth and prosperity.

To achieve this objective, participants are sharing experiences among themselves and are discussing those with representatives of the Center for Financial Reporting Reform and the European Commission.

Discussions are thematic which will also assist in building the future activities for a coming EU-REPARIS Program. The workshop has invited participants from 6 countries from the Western Balkan (Albania, Bosnia and Herzegovina, Kosovo, Macedonia, Montenegro and Serbia).